Justice Mojisola Dada of the Lagos State Special Offences Court in Ikeja has sentenced one Abioye Eluwole to 77 years’ imprisonment over N62m fraud.
Eluwole, who is the Managing Director of Bytofel Trust and Securities Limited, was arraigned before the court on 30 counts bordering on stealing, contrary to Section 390(8)(b) of the Criminal Code, Cap. C17, Vol. 2 Laws of Lagos State, 2003, and Section 285(9)(b) of the Criminal Laws of Lagos State, 2011.
EFCC said the convict stole units of shares of different companies belonging to one Okeke Ojumba and his children.
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Delivering her judgment, Justice Dada found Eluwole guilty of 11 charges and held that the prosecution proved its case beyond any reasonable doubt.
Justice Dada sentenced Eluwole to seven years’ imprisonment on each of the 11 counts and ordered that the sentence should run concurrently from the day of his arrest.
She also ordered the convict to return the money to the victim.
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